How Much Does 2011 Hyundai Genesis Coupe Insurance Cost?

Finding lower premiums on car insurance can be difficult for beginners to buying insurance online. Consumers have so many options available that it can turn into more work than you anticipated to compare prices.

Hyundai Genesis Coupe rates influenced by many factors

It’s important that you understand the factors that play a part in calculating insurance rates. When you know what positively or negatively determines base rates enables informed choices that could result in better insurance rates.

  • Pay less if you’re married – Getting married can actually save you money on your policy. Marriage is viewed as being more mature than a single person and statistics show being married results in fewer claims.
  • Where you live – Being located in small towns and rural areas can save you money when buying insurance. Fewer drivers translates into fewer accidents and a lower car theft rate. Drivers who live in large cities tend to have traffic congestion and a longer drive to work. Longer commute distances translates into higher accident risk.
  • Where do you drive? – The more you drive every year the higher your rate. The majority of insurers price each vehicle’s coverage based on their usage. Autos used primarily for pleasure use qualify for better rates compared to those used for work or business. Double check that your insurance policy is rated on the correct driver usage. If your policy improperly rates your Genesis Coupe may be wasting your money.
  • Do you need the policy add-ons? – There are a lot of additional coverages that you can get tricked into buying when buying insurance. Coverages for vanishing deductibles, accidental death and motor club memberships may be costing you every month. They may seem good when you first buy your policy, but if you don’t need them eliminate them to save money.
  • Never let your coverage lapse – Letting your insurance expire is a quick way to bump up your insurance costs. Not only will rates go up, but being ticketed for driving with no insurance will get you a revoked license or a big fine.You may need to file a SR-22 with your state DMV.
  • Teen drivers pay high rates – Teenage drivers are known to be less responsible in a vehicle so they pay higher insurance rates. Mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.
  • Rates may be higher depending on your occupation – Did you know your occupation can influence how much you pay for insurance? Careers like doctors, social workers and financial analysts tend to have higher average rates attributed to stressful work requirements and lengthy work days. Conversely, jobs such as farmers, engineers and performers receive lower rates on Genesis Coupe insurance.
  • Are you male or female? – The statistics show that women are safer drivers than men. However, don’t assume that women are better drivers. Men and women cause accidents in similar percentages, but men cause more damage and cost insurance companies more money. Men also receive more costly citations like DUI and reckless driving.

Which Insurance Coverage is Cheapest?

Performing a rate comparison can take time and effort if you don’t utilize the most efficient way. You can waste a few hours (or days) discussing policy coverages with insurance companies in your area, or you could save time and use online quotes for quick rates.

Most major companies are enrolled in a marketplace that allows shoppers to enter their policy data once, and at least one company then gives them pricing. This system prevents you from having to do quote forms to every company. To find out how much you’re overpaying now click to open in new window.

The only downside to doing it this way is buyers cannot specifically choose the providers to receive prices from. If you would rather choose from a list of companies to compare prices, we have assembled a list of low cost insurance coverage companies in your area. View list of insurance companies.

Whichever method you choose, make absolute certain that you use identical coverage limits and deductibles on every quote. If you use unequal deductibles or liability limits it’s impossible to make an equal comparison. Quoting even small variations in insurance coverages can result in a big premium difference. Keep in mind that quoting more helps locate lower pricing.

Can you really save that much by switching?

Car insurance companies such as State Farm, Geico and Progressive consistently run ads in print and on television. They all seem to make an identical promise that you can save if you change to their company. But how can every company say the same thing? This is how they do it.

Different companies can use profiling for the type of customer that makes them money. For example, a driver they prefer might be over the age of 40, has no driving citations, and has excellent credit. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and therefore will save when switching.

Drivers who don’t qualify for this ideal profile must pay higher prices and this can result in business not being written. The ads state “people who switch” not “people who quote” save that much. That’s the way insurance companies can confidently make the claims of big savings. This illustrates why it’s extremely important to get as many comparisons as possible. It’s not possible to predict which insurance companies will fit your personal profile best.

Discounts on 2011 Hyundai Genesis Coupe insurance

Companies do not list all available discounts in a way that’s easy to find, so here is a list both well-publicized and the more hidden ways to save on insurance coverage.

  • Multiple Cars – Buying insurance for all your vehicles on one policy could earn a price break for each car.
  • Low Mileage Discounts – Fewer annual miles on your Hyundai can earn discounted rates on garaged vehicles.
  • New Vehicle Savings – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Auto/Home Discount – If you have multiple policies with one company you could get a discount of approximately 10% to 15%.
  • Lower Rates for Military – Having a deployed family member could mean lower rates.
  • Life Insurance – Some companies give better rates if you take out life insurance from them.
  • Payment Discounts – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.

It’s important to note that most credits do not apply to the entire cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.

To see a list of companies offering insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to buying coverage, there really is not a perfect coverage plan. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining if you would benefit from professional advice.

  • Is pleasure use cheaper than using my 2011 Hyundai Genesis Coupe to commute?
  • Are rental cars covered under my policy?
  • Can my teen driver be rated on a liability-only vehicle?
  • What is PIP insurance?
  • Why am I required to buy high-risk coverage?
  • If my pet gets injured in an accident are they covered?
  • When can my company non-renew my policy?
  • Will my insurance pay for OEM parts?
  • What vehicles should carry emergency assistance coverage?
  • What is covered by UM/UIM coverage?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form.

Car insurance 101

Knowing the specifics of a insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, damage from flooding, hail damage, fire damage and a broken windshield. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses like hospital visits, X-ray expenses, pain medications and funeral costs. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Auto liability insurance

This coverage provides protection from damage that occurs to other’s property or people in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like funeral expenses, medical expenses, attorney fees, loss of income and court costs. How much coverage you buy is your choice, but consider buying higher limits if possible.

Coverage for collisions

Collision insurance covers damage to your Genesis Coupe from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a mailbox, scraping a guard rail and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.

Quote often and quote early

We just showed you a lot of techniques to lower your 2011 Hyundai Genesis Coupe insurance rates. The key thing to remember is the more times you quote, the higher your chance of finding lower rates. Drivers may discover the lowest premiums are with a small mutual company.

People switch companies for any number of reasons including an unsatisfactory settlement offer, policy cancellation, questionable increases in premium and extreme rates for teen drivers. Regardless of your reason, switching companies is pretty easy and you might even save some money in the process.

As you shop your coverage around, you should never skimp on coverage in order to save money. Too many times, consumers will sacrifice full coverage only to find out they didn’t have enough coverage. Your goal should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

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